Raymond James & Associates Sells 1,794 Shares of Brunswick Co. (NYSE:BC)

Raymond James & Associates lessened its position in shares of Brunswick Co. (NYSE:BCFree Report) by 0.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 193,356 shares of the company’s stock after selling 1,794 shares during the period. Raymond James & Associates owned approximately 0.28% of Brunswick worth $18,707,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Valley National Advisers Inc. bought a new stake in shares of Brunswick during the 3rd quarter worth approximately $25,000. Fred Alger Management LLC acquired a new position in Brunswick during the 1st quarter worth approximately $40,000. Rockefeller Capital Management L.P. increased its position in Brunswick by 104.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 520 shares of the company’s stock worth $36,000 after purchasing an additional 266 shares in the last quarter. Neo Ivy Capital Management acquired a new position in Brunswick during the 2nd quarter worth approximately $46,000. Finally, Intrepid Capital Management Inc. acquired a new position in Brunswick during the 2nd quarter worth approximately $74,000. Institutional investors own 99.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Truist Financial lowered their price objective on shares of Brunswick from $115.00 to $105.00 and set a “buy” rating for the company in a research report on Friday, February 2nd. B. Riley upgraded shares of Brunswick from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $100.00 to $108.00 in a research report on Tuesday, February 20th. DA Davidson reiterated a “neutral” rating and set a $77.00 price objective on shares of Brunswick in a research report on Friday, March 15th. Stifel Nicolaus upped their price target on shares of Brunswick from $88.00 to $97.00 and gave the company a “buy” rating in a research report on Wednesday, January 17th. Finally, Roth Mkm upped their price target on shares of Brunswick from $85.00 to $94.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $93.58.

View Our Latest Stock Report on BC

Brunswick Trading Down 0.7 %

NYSE:BC opened at $95.89 on Tuesday. The firm’s fifty day moving average is $87.93 and its 200-day moving average is $83.53. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.59 and a current ratio of 1.43. Brunswick Co. has a 52 week low of $66.47 and a 52 week high of $99.68. The firm has a market cap of $6.60 billion, a P/E ratio of 16.12 and a beta of 1.56.

Brunswick (NYSE:BCGet Free Report) last posted its quarterly earnings data on Thursday, February 1st. The company reported $1.45 EPS for the quarter, missing analysts’ consensus estimates of $1.66 by ($0.21). Brunswick had a net margin of 6.57% and a return on equity of 29.78%. The firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the prior year, the company posted $1.99 earnings per share. The company’s revenue for the quarter was down 14.0% compared to the same quarter last year. Equities analysts expect that Brunswick Co. will post 7.49 earnings per share for the current year.

Brunswick Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, February 26th were paid a dividend of $0.42 per share. The ex-dividend date of this dividend was Friday, February 23rd. This is a positive change from Brunswick’s previous quarterly dividend of $0.40. This represents a $1.68 annualized dividend and a yield of 1.75%. Brunswick’s dividend payout ratio is currently 28.24%.

Insider Buying and Selling

In related news, VP Christopher F. Dekker sold 6,234 shares of the stock in a transaction on Friday, February 9th. The shares were sold at an average price of $84.53, for a total transaction of $526,960.02. Following the transaction, the vice president now directly owns 35,176 shares of the company’s stock, valued at $2,973,427.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, EVP John G. Buelow sold 2,426 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $87.12, for a total value of $211,353.12. Following the completion of the sale, the executive vice president now owns 14,199 shares in the company, valued at $1,237,016.88. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Christopher F. Dekker sold 6,234 shares of Brunswick stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $84.53, for a total transaction of $526,960.02. Following the completion of the transaction, the vice president now owns 35,176 shares of the company’s stock, valued at approximately $2,973,427.28. The disclosure for this sale can be found here. Insiders have sold a total of 52,696 shares of company stock valued at $4,574,199 over the last ninety days. 0.81% of the stock is owned by corporate insiders.

Brunswick Profile

(Free Report)

Brunswick Corporation designs, manufactures, and markets recreation products in the United States, Europe, the Asia-Pacific, Canada, and internationally. It operates through four segments: Propulsion, Engine P&A, Navico Group, and Boat. The Propulsion segment provides outboard, sterndrive, inboard engines, propulsion-related controls, rigging, and propellers for boat builders through marine retail dealers under the Mercury, Mercury MerCruiser, Mariner, Mercury Racing, Mercury Diesel, Avator, and Fliteboard brands.

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Institutional Ownership by Quarter for Brunswick (NYSE:BC)

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